Yahoo to announce layoff of up to 700 employees

Jos

TS Evangelist
Yahoo is reportedly on the verge of announcing a new round of job cuts that would affect around 5% of its current staff, or somewhere between 650 and 700 employees. A formal announcement is expected as early as today. This would mark the company’s fourth mass layoff in the past three years, two of which have come under the watch of CEO Carol Bartz, and will mostly affect Yahoo’s product division in the U.S – in charge of properties like Yahoo Mail, Sports, and News.

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Consider buying Call options on Yahoo. Their are rumors of MS buying Yahoo and Wall Street loves companies that lay off workers. YHOO110416C00016000
 

mzafpk

TS Rookie
I would like to request you to provide any reference for these news. or if the specified decision has been taken now, please provide the link for announcement.